Fiorina Laid Off Nearly 18,000 HP Workers During "Restructuring"

September 23, 2003

"Hewlett-Packard, based in Palo Alto, Calif., had a $903 million loss on revenue of $56.6 billion for its fiscal year that ended last Oct 31. According to a summary by Hoover's Inc., an Austin, Texas, provider of business information, Hewlett-Packard has undergone extensive restructuring under Chief Executive Officer Carly Fiorina. The company announced earlier this year that it planned to cut 17,900 people by October because of a weak economy and its merger with Compaq." [Omaha-World Herald 09/23/2003]